Step 0: Begin with an End in Mind
What are your financial goals? Where do you want to end up financially? What is important to you?
Step 1: Know Where You Stand
Track your spending. ALL of it. Analyze your spending. Where is that money going and what does it say about you?
Step 2: Take Charge by Creating a Budget
Create a budget. Keep tracking spending. Compare your budget to your goals. Are they in line? Pay yourself first. Start paying down high interest debt.
Step 3: Reduce Spending & Increase Income
Cut costs. Evaluate your spending and find ways to reduce it. Look for additional sources of income like side gigs.
Step 4: Optimize Your Finances
Attack debt. Increase your savings rate. Take advantage of tax advantage accounts.